Major provisions in the Senate energy bill, compared with a bill the House passed in April.
FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision
FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane
FOR SUBSCRIBERSCBP leaders cut out of Trump ad buy decision
FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane
SENATE BILL:
- Cost: $16 billion.
- Tax incentives: $18 billion, offset by $4.3 billion in new energy taxes, tilted toward conservation, alternative fuels and renewable energy sources.
- Ethanol: Requires use of 8 billion gallons annually in gasoline by 2012.
- Arctic refuge: Nothing.
- Loan guarantees: For developing clean coal, new reactors, carbon capturing technologies.
- Offshore energy: Calls for inventory of Outer Continental Shelf oil and gas resources.
- LNG: Establishes clear federal authority over siting LNG import terminals.
- Oil Savings: Calls on president to find ways to reduce oil use by 1 million barrels a day by 2025.
- Daylight Saving Time: Nothing.
- Energy efficiency: Tax breaks for purchase of energy efficiency appliances, hybrid automobiles, building energy efficient homes.
- Electricity grids: Mandatory reliability standards and tax incentives for grid improvements.
HOUSE BILL:
- Cost: $8 billion (assumes $2.6 billion expected revenue from ANWR oil leases).
- Tax breaks $8.1 billion over 10 years, almost all for traditional fossil fuels and electric utilities.
- Ethanol: Requires use of 5 billion gallons annually in gasoline by 2012.
- Arctic Refuge: Approves oil drilling in Alaska’s Arctic National Wildlife Refuge (ANWR).
- Loan guarantees: None.
- Offshore energy: $2 billion in government support for research into ultra-deep water drilling.
- LNG: Same.
- Oil saving: Nothing.
- Daylight Saving Time: Extends it by two months.
- Energy efficiency: Tax breaks for homeowners making energy-improvements.
- Electricity grids: Same.














